Avid Technology INC

$10,000,000 PPP Loan in Burlington, Massachusetts

Loan Details

Loan Number
1159137310
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$10,000,000
Current Approval
$7,800,000
Forgiveness Amount
$7,889,540
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Avid Technology INC
Address
75 Network Dr
ZIP Code
01803
Business Type
Corporation
Industry (NAICS)
Manufacturing (333316)
Business Age
Existing or more than 2 years old
Jobs Reported
500
Estimated Revenue
$130.9M
Rural/Urban
Urban
Congressional District
MA-06

Loan Use Breakdown

Payroll
$7,800,000

Lender Information

Servicing Lender
Citizens Bank, National Association
Originating Lender
Citizens Bank, National Association

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